How Foodservice Industry Entrepreneurs Should Secure Financing in the Future

Discussion Topic
Student’s Name
Institutional Affiliation
Course Name
Professor’s Name
Date
Future of Entrepreneurs
The foodservice industry is a promising venture as it continues to grow throughout the United States (US). Starting a nutrition-sensitive food joint in a highly populated place will require calculated planning, especially securing financing. In the future, entrepreneurs securing funding for ventures in the foodservice industry will need to follow the following guidelines. First, they will need to write a business plan to lay out their strategic plan for the years to come (Block et al., 2021). The plan will be essential to potential funders. They will also need to understand their financial picture fully to communicate it to potential lenders and investors. After constructing a business plan and understanding their financial picture, the entrepreneurs will need to develop a go-to-market strategy that pinpoints how the venture will deliver its services and products (Block et al., 2021). Finally, they will need to apply for a loan t...